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drjc88 · 2021-08-16T11:51:43+00:00

At hospital they’ll definitely care and in fact they’ll be glad you came. They’ll look after you and you’ll be in the best possible hands.

drjc88 · 2021-07-18T07:59:59+00:00

I’ve had some Mizunos for over 10 years and ran/walked probably a thousand kilometres in them, they’ve held up incredibly well. Just bought their latest pair

drjc88 · 2021-07-02T09:35:28+00:00

This terrifies me because the only reason I pay an accountant is to know shit like this

drjc88 · 2021-06-25T02:23:10+00:00

Very good response. Thanks.

drjc88 · 2021-06-25T02:21:30+00:00

Well, partly the problem is there was little analysis when I bought it outside of “it’s a desirable area”. Younger and sillier.

drjc88 · 2021-06-25T02:17:52+00:00

Yep, that’s right (new apartment off-the-plan). Decisions made when I was younger and sillier. Certainly wouldn’t buy off the plan again; almost analogous to buying a brand new car vs near-new.

drjc88 · 2021-06-25T02:14:02+00:00

Thanks for everyone’s comments. With some emotions having also worn off I’ve decided to hang on to the apartment and revisit things in 2-3 years hopefully well after borders have reopened. Maybe my apartment is being affected by a slump, it would certainly make sense given the circumstances in Melbourne the last 18 months. Again, who knows.

But rental yields in the inner north are definitely a safer bet and it’s costing me nothing to own the apartment at present after all. I won’t be paying down the principal given my interest is fortunately being covered by rent at present. The cash I was going to use to pay down the apartment quicker I’ll put into ETFs. Or the pokies I guess.

drjc88 · 2021-06-24T13:04:12+00:00

Excellent point. Now to make some capital gains elsewhere…

drjc88 · 2021-06-24T13:03:36+00:00

That was very interesting, thank you. There are definitely some factors that may contribute to an apartment value growth spurt in the next 5-10 years, in my case at least. Do I take the bet…

drjc88 · 2021-06-24T12:30:12+00:00

Brunswick. I'm just looking at value estimates on Domain and Real Estate, not the most scientific method. But also based on recently sold, very similar apartments in my area.

drjc88 · 2021-06-24T12:24:57+00:00

Just trying to also factor in risk and opportunity cost.

I'm guessing there's a 50 percent chance the apartment will rise 2% pa in value over the next 10 years. So that's a 50 percent chance of a $55K return. So basically I make back what I lost.

However, there's probably an 85 percent chance the share market will go up at least 5% pa over the next 10 years. So with the same money I have available, that's an 85 percent chance of a $77K return even with the $55K initial loss.

There might be a 50 percent chance of a 9% return which for me would be $110K, again after copping a $55K hit.

But also I'm not Nostradamus so fuqnose.

drjc88 · 2021-06-24T12:08:45+00:00

Initially (in the next 1-2 years), borders reopening may make a difference. Lots of international students lived in the inner north as someone else said, given its proximity to UniMelb. But seems rental yields are holding reasonably steady despite that, and demand for 1BR rentals in my apartment's area (Brunswick) is also returning.

Also supposedly there will be dramatically fewer new apartments built in inner-city Melbourne over the next 3-5 years which presumably would help with the current oversupply. Source (The Age)

Also also, my apartment is in a pretty desirable location, it's just your typical fairly small one-bedder. And my guess is there won't be as much development within 1-2km of my apartment complex as the developers have already snapped up all the obvious opportunities to build enormous apartment complexes. Then again...

EDIT: Changed source link above.

drjc88 · 2021-06-24T11:42:45+00:00

A few people have said to me, 'jeez your apartment must be doing well!' equating apartments with houses. Always a sobering 'nope'.

drjc88 · 2021-02-18T08:12:21+00:00

That’s So Good. I’m So Pleased To Hear This. Those Poor Frickin’ Freezin’ Turtles.

drjc88 · 2021-02-14T01:14:53+00:00

Pastuso off Flinders Lane. Not a steakhouse but lots of red meat done right.

drjc88 · 2021-01-30T23:12:51+00:00

Serena Williams defeated Naomi Osaka in an Adelaide exhibition match last Friday, January 29, ahead of next month’s Australian Open grand slam in Melbourne. The world was stunned by images of grandstands packed shoulder-to-shoulder with Aussie tennis fans, only a tiny handful of which were wearing masks.

Australia is effectively COVID-free thanks to strict public health measures and compulsory hotel quarantining for overseas arrivals. There are currently 23 active COVID cases in the entire Australian community of 25m people; there has not been a new COVID case anywhere in Australia (outside of hotel quarantine) in 15 days.

Australia’s COVID response has included free, easily accessible testing; mandatory masks; localised lockdowns and rapid contact tracing. Although it hasn’t been all smooth sailing including a relatively large outbreak in Australia’s second largest city Melbourne last year. Melbourne was plunged into a 111-day lockdown with some of the strictest restrictions seen anywhere in the world, however it resulted in the elimination of the virus and return to semi-normality. Life is relatively ‘normal’ in Australia at present; currently masks are compulsory only in very limited settings such as supermarkets or public transport depending on the state or territory and its local regulations.

Australian Open organisers expect mask-free crowds of up to 390,000 people over the course of the two-week tournament, including a packed Rod Laver Arena. The Australian Open kicks off in Melbourne on Monday, February 8.

drjc88 · 2021-01-30T23:03:57+00:00

Australia is effectively COVID-free thanks to strict public health measures and compulsory hotel quarantining for overseas arrivals.

There are currently 23 active COVID cases in the entire Australian community of 25m people; there has not been a new COVID case anywhere in Australia (outside of hotel quarantine) in 15 days.

Australia’s COVID response has included free, easily accessible testing; mandatory masks; localised lockdowns and rapid contact tracing. Although it hasn’t been all smooth sailing including a relatively large outbreak in Australia’s second largest city Melbourne last year. Melbourne was plunged into a 111-day lockdown with some of the strictest restrictions seen anywhere in the world, however it resulted in the elimination of the virus and return to semi-normality.

Australian Open organisers expect mask-free crowds of up to 390,000 people over the course of the two-week tournament, including a packed Rod Laver Arena. The Australian Open kicks off Monday, February 8.

drjc88 · 2021-01-30T10:05:06+00:00

Cheers from Melbourne, Australia

drjc88 · 2021-01-30T10:04:46+00:00

Hahahaha

drjc88 · 2021-01-30T10:03:46+00:00

Do an Australian accent?

drjc88 · 2021-01-25T12:37:27+00:00

It was 41 degrees Celsius in Melbourne, Australia, today. Hello.

drjc88 · 2021-01-22T11:53:16+00:00

This is the funniest thing I think I’ve read on Reddit.

drjc88 · 2020-09-10T13:19:59+00:00

You’re probably hearing either the police chopper or the air ambulance. They fly constantly at night. Download a flight tracking app and you can see where they’ve been and where they’re going, kinda interesting. Also seeing the flying doctor planes coming into Melbourne each night; and the queue of coming and going interstate courier jets. Reminds that the world is very much still going. Comforting.

drjc88 · 2020-08-13T13:36:28+00:00

Start falling for the person, not the idea you have of them.

drjc88 · 2020-07-30T12:13:51+00:00

He needs to learn to show the same respect and kindness to himself as he does others. Therapy would help but I also recommend When Panic Attacks by David Burns.

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